ServNet awards 8 scholarships to children of employees
Wednesday, May 23, 2018 - 2:02pm
Roundup: Auctions gain new consignors, make management changes
Monday, April 23, 2018 - 2:41pm
Monday, April 23, 2018 - 2:41pm
BSC America's Bel Air Auto Auction announced the addition of three new consignors to the Thursday sale lineup at its new Belcamp, Md. facility. Credit Acceptance/VRS, BB&T/Regional Acceptance Corp. and Toyota Financial/Lexus Financial have begun running vehicles at the new facility this year,... Read More
XLerate auction in Texas adds N.M. dealership to mobile sale roster
Friday, April 20, 2018 - 2:58pm
Friday, April 20, 2018 - 2:58pm
Texas Lone Star Auto Auction – Lubbock, part of the XLerate Group Auctions, held a successful first mobile sale featuring Don Chalmers Ford of Rio Rancho, N.M. last month, and has added the New Mexico dealership to its roster of mobile sale sites. The auction said that 100 percent of the inventory at the... Read More
Dealers seeking cars $12K or below can find more profitability online
Friday, April 20, 2018 - 11:30am
Friday, April 20, 2018 - 11:30am
While brick-and-mortar auction houses might be a more comfortable marketplace for some, when it comes to obtaining profitable used vehicles priced $12,000 and below — the best deal might just be online. Dealers who want to be sure they have turned over every stone in search of inexpensive vehicles can... Read More
Ally Financial names CFAA as Auction of the Year
Thursday, April 19, 2018 - 2:57pm
Thursday, April 19, 2018 - 2:57pm
Columbus Fair Auto Auction added another piece of hardware to its trophy case this week. In a ceremony prior the start of Wednesday’s sale, CFAA was awarded Ally Financial’s Auction of the Year Leadership Award for 2017. The award recognizes the auctions’ overall sales, performance and growth... Read More
Cox Enterprises names senior director to lead sustainability-focused programs
Wednesday, April 18, 2018 - 12:22pm
Wednesday, April 18, 2018 - 12:22pm
Cox Enterprises, the parent of Cox Automotive, has named Maury Wolfe as its new senior director of corporate social responsibility and public affairs to lead both community and employee-action programs that support the company’s sustainability program — Cox Conserves. Most recently, Wolfe... Read More
Black Book notices continued price retention strength shown by smaller cars
Wednesday, April 18, 2018 - 11:55am
Wednesday, April 18, 2018 - 11:55am
How this year’s atypical spring market is unfolding left its stamp again on Black Book’s latest depreciation update. According to Black Book data, the average price of a used vehicle for model years 2012 through 2016 depreciated in value by 0.4 percent, an improvement from February’s level of 1.1... Read More
Barrett-Jackson’s 4-day Palm Beach Auction brings in record-setting $39.4M in sales
Tuesday, April 17, 2018 - 1:10pm
Tuesday, April 17, 2018 - 1:10pm
This year’s Barrett-Jackson Palm Beach Auction brought a total of $39.4 million in sales, as well as a record-breaking more than 700 new bidders. Barrett-Jackson announced this week that along with selling a total of 692 vehicles that brought in more than $38.3 million, 380 pieces of automobilia and the sale of... Read More
Strange spring: Car-price momentum remains intact
Tuesday, April 17, 2018 - 12:34pm
Tuesday, April 17, 2018 - 12:34pm
How odd has this spring been? Well, an entire weekend of Major League Baseball action was postponed because of significant snow in Minnesota, and it has been cars not trucks that are leading overall wholesale market price changes. So the answer is — pretty weird. This week’s Black Book Market Insights... Read More